Summary
Ontario Premier Doug Ford warned that Canada could cut off energy exports to the U.S. if Donald Trump imposes a proposed 25% tariff on Canadian goods.
Ford emphasized that 60% of U.S. crude oil imports and 85% of electricity imports come from Canada, highlighting the potential impact.
Canadian leaders, including Prime Minister Justin Trudeau, criticized the tariffs as harmful to both economies, while Deputy PM Chrystia Freeland suggested broader retaliatory measures.
The dispute raises concerns over trade relations and escalating economic uncertainty for both nations.
This is exactly right. Most Canadian crude is actually tar. They have to use lighter grades of oil to dilute it to even be able to pump it.
If they cut us off, we can get more from Venezuela or the price of asphalt goes up.
Our cars, planes, trains, chemical plants, and power stations continue just fine.